Skip to main content
Tags: doj | probe | lisa cook | federal reserve

DOJ Urges Cook's Removal From Fed as Probe Gets Underway

Thursday, 21 August 2025 12:34 PM EDT

The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board, Bloomberg News reported Thursday.

A letter to Powell from Ed Martin, a Justice Department official who has led similar investigations into Sen. Adam Schiff, D-Calif., and New York Attorney General Letitia James, said Cook’s case “requires further examination,” Bloomberg reported.

“At this time, I encourage you to remove Ms. Cook from your Board,” Martin wrote. “Do it today before it is too late! After all, no American thinks it is appropriate that she serve during this time with a cloud hanging over her.”

Asked about the report, a Fed spokesperson referred to Cook's statement on Wednesday, when she said she had no intention of resigning after President Donald Trump called for her to step down on the basis of allegations made by a member of his administration about mortgages she holds in Michigan and Georgia, intensifying Trump's effort to gain influence over the U.S. central bank.

“I have no intention of being bullied to step down from my position because of some questions raised in a tweet,” Cook said in Wednesday's statement issued by the Fed.

The Federal Reserve Act provides no authority for a Fed chair to remove another member of the Board of Governors.

© 2025 Thomson/Reuters. All rights reserved.


Newsfront
The U.S. Justice Department plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him to remove her from the board, it was reported Thursday. A letter to Powell from Ed ...
doj, probe, lisa cook, federal reserve
230
2025-34-21
Thursday, 21 August 2025 12:34 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the Newsmax App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved